GE reports $13.6bn loss due to finance sale charges

GMT 11:26 2015 Friday ,17 April

Arab Today, arab today GE reports $13.6bn loss due to finance sale charges

General Electric
New York - Arab Today

General Electric Friday reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses.

The big loss had been expected after GE said a week ago that it would take about a $16 billion charge due to the GE Capital divestment. GE reported $3 billion in profits in the year-ago period.

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